22
Apr
17:34
European Lithium to buy Irish lithium project
Australia-listed European Lithium (EUR) is eyeing the development of lithium in Ireland to complement its portfolio and its Wolfsberg flagship operation in Austria.
The company said in a note on Monday it will acquire 100% of UK-based Technology Metals with shares in its subsidiary Critical Metals Corp (CRML) – the owner of Wolfsberg. EUR will transfer 1.23 million shares in CRML at a deemed share price of $8.10/share, for a total of $10m.
Once completed, …
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